Orrstown Financial Services Inc. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Orrstown Financial Services Inc. purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,205 shares of the ride-sharing company's stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Avion Wealth grew its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $28,000. Finally, GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UBER. Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. TD Cowen dropped their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America increased their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, April 16th. Finally, Raymond James increased their price target on Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $93.91.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 83,788 shares of company stock valued at $6,517,070. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $85.60 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $179.00 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.89 and a beta of 1.38. The stock has a 50 day moving average price of $80.38 and a 200 day moving average price of $73.49.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company earned ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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